Easy DAO Tax Prep

Launching a DAO, Decentralized Autonomous Organization

Launching a DAO, Decentralized Autonomous Organization

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المحتوى المقدم من Andrew Warner. يتم تحميل جميع محتويات البودكاست بما في ذلك الحلقات والرسومات وأوصاف البودكاست وتقديمها مباشرة بواسطة Andrew Warner أو شريك منصة البودكاست الخاص بهم. إذا كنت تعتقد أن شخصًا ما يستخدم عملك المحمي بحقوق الطبع والنشر دون إذنك، فيمكنك اتباع العملية الموضحة هنا https://ar.player.fm/legal.

The Agile Brand with Greg Kihlström®

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#644: AI-augmented human recommendations for retail customers with Noah Zamansky, Stitch Fix 27:12

منذ 5 أيام27:12

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قوائم

إعجاب

احب

27:12

We are here at eTail Palm Springs and seeing and hearing the latest and greatest in e-commerce and retail. Question: Do you need to choose between AI and human recommendations as a customer? Why not have both? After all, don’t each have their strengths? AI in the retail experience is all the rage these days, but today I’m talking with someone from a brand that has been incorporating AI-personalized experiences and shopping combined with expert human recommendations for over 14 years, and continues to innovate today. Today we’re going to talk about how AI-based personalization plus human creativity and input makes an amazing customer experience at Stitch Fix. To help me discuss this topic, I’d like to welcome Noah Zamansky, Vice President of Product and Client Experience at Stitch Fix. About Noah Zamansky Noah Zamansky serves as the Vice President of Product and Client Experience at Stitch Fix, where he leads cross-functional teams spanning Product, Design, Engineering, Algorithms, and Platform Development. A seasoned leader, Noah has a proven track record of shaping product vision and strategy, designing exceptional user experiences, and spearheading the launch of new business ventures. Before joining Stitch Fix, Noah held the role of Senior Director of Product Management at eBay, overseeing Fashion and Vertical Experiences. Resources Stitch Fix: https://www.stitchfix.com eTail Palm Springs: https://etailwest.wbresearch.com/ Connect with Greg on LinkedIn: https://www.linkedin.com/in/gregkihlstrom Listen to The Agile Brand without the ads. Learn more here: https://bit.ly/3ymf7hd Don't miss a thing: get the latest episodes, sign up for our newsletter and more: https://www.theagilebrand.show Check out The Agile Brand Guide website with articles, insights, and Martechipedia, the wiki for marketing technology: https://www.agilebrandguide.com The Agile Brand podcast is brought to you by TEKsystems. Learn more here: https://www.teksystems.com/versionnextnow The Agile Brand is produced by Missing Link—a Latina-owned strategy-driven, creatively fueled production co-op. From ideation to creation, they craft human connections through intelligent, engaging and informative content. https://www.missinglink.company…

منذ عامين 48:20

MP3•منزل الحلقة

This podcast will

show you how to handle taxes for token purchases,
explain how to calculate taxes for earnings from your contributions to DAOs,
explain the sales tax implications of NFTs and other digital goods, and
list software that will ease the work involved.

19 حلقات

#MBA #Trading #Business #Andrew Warner #Crypto #DAO

Launching a DAO, Decentralized Autonomous Organization

Easy DAO Tax Prep

Launching a DAO, Decentralized Autonomous Organization

published منذ عامين

MP3•منزل الحلقة

This podcast will

show you how to handle taxes for token purchases,
explain how to calculate taxes for earnings from your contributions to DAOs,
explain the sales tax implications of NFTs and other digital goods, and
list software that will ease the work involved.

19 حلقات

#MBA #Trading #Business #Andrew Warner #Crypto #DAO

كل الحلقات

1
DAO Attacked 41:16

منذ عامين41:16

41:16

Origami talked with Aragon about the attack on the use of treasury funds.

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Axie Infinity’s Slow Path Toward a DAO 41:22

منذ عامين41:22

41:22

https://joinOrigami.com

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Easy DAO Tax Prep 48:20

منذ عامين48:20

48:20

Decentralized autonomous organizations (DAOs) come with a unique set of tax implications. To help DAO members and creators navigate these implications, I talked to Matt Graham , a tax consultant and blockchain innovation lead at Moss Adams about DAO taxes. This podcast will show you how to handle taxes for token purchases, explain how to calculate taxes for earnings from your contributions to DAOs, explain the sales tax implications of NFTs and other digital goods, and list software that will ease the work involved.…

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City of Vans 46:52

منذ عامين46:52

46:52

Kift is using van life to create a new virtual city

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web3 Marketing 52:42

منذ عامين52:42

52:42

Part of what I do at Origami is talk to new DAO creators who have great ideas, well-written white papers, and some money—but struggle to find members. web3 projects are hard to market because the ecosystem was built in response to the mistrust of institutions. To learn how to promote with respect to the community's ethos, I interviewed Emily Rasowski , founder of web3 marketing firm Pop Agency . Emily is a former Amazonian who built the go-to-market strategy for Amazon Care, the tech behemoth’s major healthcare initiative. ‍ To connect with us, go to https://joinOrigami.com…

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talentDAO: Research-Based DAO Management 44:19

منذ عامين44:19

44:19

Understanding the organizational and management structures of traditional corporations is considered so important that it was a required class when I studied business as an undergrad at NYU, as it is for business students around the world. But when it comes to DAO management and organizational structure, many communities expect to lead with vibes and good intentions. talentDAO wants to replace that with a scientific approach to DAO leadership. I invited its founder, Renee Davis , about how it operates, what they learned about DAOs, and how she grew talentDAO. Listen to the podcast interview or read my notes below. Could you give me an example of the work talenDAO has done? Gitcoin, the crypto-based fundraising platform for raising money for public goods and open-source projects, jumped into our Discord. They essentially said, “We have a people operations team and we want to start surveying our contributors to better understand the health of our community and the progress we’re making on our goals. We want to make sure we’re boosting engagement overall.” We developed the DAO Health Survey last year, funded by Ocean Protocol. We open-sourced it and hosted it on GitHub. Gitcoin forked that and asked us to facilitate it, which we did. Ultimately, that’s what we want to do. We want DAOs to approach us after seeing the research we post or content we created and ask us to help apply it to their DAOs. What would Gitcoin have done if they hadn’t worked with you? The alternative is probably to create their own survey, which is more time intensive. And I think people miss good survey items. There are statistical analyses that go into building these instruments, it’s a whole field of science called psychometrics. DAOs have created their own engagement surveys, but they’re not confident they’re measuring what they meant to measure. They’re not doing analyses to better understand whether their surveys are actually predicting performance. They’re not doing correlation research. So without us, Gitcoin might have spent more time creating a survey that may not have measured and predicted what they aimed to. And six months later, they would have been disappointed that they implemented onboarding and other practices that didn’t move the needle on engagement. What are some management techniques you’ve seen work in DAOs? I think having a dedicated experimentation group is really important for organizations that want to be nimble and prepared for the future of work. I think the People Ops or HR team need to be embedded within tech and not isolated from it. From my previous days at Deloitte Consulting, I learned that companies that want to be better tech companies need to be better people companies. How do you do it? At talentDAO, I ran every single onboarding call. I onboarded members and shared my knowledge and vision with them. If you look at traditional organizations, the founder or CEO would never be the one to do employee onboarding, like personally sitting down and talking with every single person. I did that for about the first thousand people. It helped us create a cohesive understanding of our North Star. Now, when I’m on a community call, I know people. I think that’s a level of intimacy that DAOs should pursue. What changes have you noticed about how DAOs are perceived in the past year? It went from “DAOs are the future of work! So exciting!,” to “DAOs are not the future of work, but they might be.” Even my excitement changed. In my first article about crypto from a year or two ago I was very optimistic, maybe even naive. I still believe in the opportunity, but we have to build more for that to happen. I have a lot of friends who were big in DAOs who just left. They went to academia or FinTech. To build we need revenue. We can’t operate on good vibes and altruism. How did you get your early members? Two places: BanklessDAO, where I was an early contributor, and LinkedIn, where I spent 10 years telling my story about wanting to become an organizational researcher. At least a third of my network is organizational psychologists working in consulting. They thought it was cool and hopped in. One talentDAO member leads data science at SpaceX. Another works at Microsoft. Another taught at the University of Minnesota. I came from Deloitte. It’s unheard of to have a founding team this big, from all over the world, without previous connections to each other. How many businesses can say they started that way? That’s what happened here.…

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Kairon Earns a Living from DAOs 31:30

منذ عامين31:30

31:30

Kairon works full-time at DAOs. He talks about how he gets work, the upside of working at DAOs, and what signals a terrible DAO. Say hi to him: https://twitter.com/K41R0N Or to us: https://twitter.com/jointheOrigami

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WorkDAO Handles Taxes, Insurance, Etc. 35:07

منذ عامين35:07

35:07

Interviewer: Tell me about the people you’re helping. Michael: Imagine someone with a notion that a DAO is global and frictionless. Then they want to do normal things, like rent an apartment, get health insurance or have benefits for like paternity or maternity leave. And they’re blocked. When a landlord wants income verification, they can’t say, “look at my wallet.” And then there’s health insurance, the #1 thing people look for. A DAO can’t do all those real-world things, much less in over 100 countries, but that’s where the contributors are. So we step in and make sure those people are officially compensated. So they could handle income verification, insurance and taxes. People shouldn’t sacrifice interoperability with society just because they work for a DAO. Interviewer: Can individuals join WorkDAO or just DAOs? Michael: We actually can help some individuals. We can’t always do it because sometimes the contributor isn’t really a contractor, by the local government’s definition. They’re an employee. In those cases, we need both the DAO and the contributor to sign on. Interviewer: How do you handle taxes? Michael: Our first product is Token Payroll, but it extends to fiat and includes cryptocurrencies like Ethereum and Doge, or a DAO’s native token. We allow an organization to compensate in any combination of payment options. Governments generally expect some kind of withholding and don’t accept crypto. So we take tokens, assess how much taxes are owed to different authorities, and transmit that money. We also handle all the forms. All of that is our bread and butter. Interviewer: What about token price fluctuations? Michael: There’s an issue with compensation in assets that appreciate or depreciate. Whenever there’s an income event, we immediately do what’s called “sell to cover.” We convert it into some fiat and withhold the amount that has to go to the government. Interviewer: Doesn’t your business have a marketing problem because people only feel the pain once per year? Michael: Typically, when people experience pain and look for a solution, we can’t solve their problem. We can solve future problems. But that’s damaging to a DAO because the contributor who experiences this pain could say, “forget this. I don’t want to ever contribute again.” We market to DAOs because individuals could have this problem once, but DAOs that are aligned with their members will experience it many times and in many different countries. Interviewer: Your name has “DAO” in it and there’s a whitepaper on your site that explains the mechanics of a DAO, but WorkDAO isn’t a DAO, right? Michael: We intended to be a DAO, but in the process of being one, we realized we need a progressive approach to becoming a DAO. We have one of the most expansive corporate structures in web3. We have over 100 corporations right now. We’re trying to get to every country. Everywhere there is or could be web3 talent, we have to have a corporation, a bank account, and a license. We have to comply with all local regulations. The most important part of our business right now is real-world corporate compliance. Interviewer: Why aren’t there clients on your site? Who uses WorkDAO? Michael: We haven’t been focusing on marketing, but we have well-known clients, like Gitcoin, mStable DAO, Astar, dYdX, and API3.…

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Cult: Investment DAO with a Provocative Name 46:56

منذ عامين46:56

46:56

A highly-edited interview: Andrew: Why can’t I see your face in this interview? We don’t want people to focus on who we are. We want them to focus on what we built. People can trust us through our actions. Cult invested in an anonymous founder who claimed to have previously created a multi-million dollar business. He later disappeared with your investment. Wouldn’t knowing his name have prevented that theft? One thing that’s so beautiful about the blockchain is that not having someone’s face doesn’t mean you can’t follow the breadcrumbs. We were able to see what happened to the funds, and despite not knowing who the person was, we were able to reach out and effectively reverse what happened and get the funds back. And you’ve improved from that experience? It was almost a turning point. We were able to create something like a template of how we want proposals for funding to work. Although it’s not required, we want people to come to Discord to talk to the community. We open up a workshop on every investment now. People who want funding basically pitch the DAO. We streamlined the process so members can make more informed investment decisions. How many projects have you funded? 105 different projects. That’s in the span of 6 months. So we’re looking at one every 3 days, on average. That has equated to just a touch over $2 million worth of investments. We launched February 1, 2022. All we’ve ever seen is a downward-trending market. That meant the prices we got were way lower than actual value. We’re not investing in projects at the peak of their popularity. Your token is called CULT. I can buy and sell anything with it. Every time I spend CULT, 0.4% of the transaction goes to the DAO’s treasury, to be invested. Absolutely right. And to invest, CULT holders convert their CULT token to dCULT tokens, which allow them to vote on investment proposals. Yes, and the 50 people who have the most dCULT get to submit investment proposals, but they cannot vote. That’s an attempt to fix the issue of the top holder having the largest sway, an issue faced by a number of other DAOs. And what happens with investment profits? The returns are used to buy CULT on the market. 50% of that is sent to a dead wallet, burned forever. The other 50% is sent to dCULT holders, stakers, as rewards that they can claim. Why is 50% burned? For the same reason that for every 15.5 ETH invested following a proposal, 2.5 ETH worth of CULT is burned. We’re deflating the supply of CULT. There’s less available, which makes buyers have to pay more for CULT. What does Cult believe? Many people read the Cult Manifesto and invested because it’s such a powerful piece of literature. One of the things I really like about the manifesto is that there are a number of different issues with society. The whole point of Cult is that we can do better. We, as individuals, should be able to make decisions for ourselves. That’s the reason DAOs came about. If individuals invested their hard-earned money into a project, they should be allowed to make their own decisions. How did Cult start? Up to the point of launch, it was funded by an unknown person who goes by the name Mr. O’Modulus. He messaged me on Twitter and said, “Read this Manifesto.” I read it and wanted to be a part of it. That was the beginning of January 2022. We launched a presale on February 1st. We raised 178 ETH out of 250 ETH goal. It was a very, very slow start for us. We were under $1 million market capitalization for a full 6 weeks before word got around about us. Then it took off. What about the guardians? Mr. O’Modulus reached out to public decentralization advocates. The idea was that these 15 figures would be some of the initial guardians of Cult. People like David Hoffman of BanklessDAO and Kris Jones of Gitcoin. How did you get more people involved? It was a struggle. One reason is that with web3, there are regulations that stop you from using mainstream advertising venues. So the number 1 rule of Cult was to talk about Cult. We had a loyal community that would go out on Twitter. There were people making YouTube videos. Plus there’s a bit of a shock factor with our name and logo. It’s quite strong branding. There were also rumors flying around about the identity of Mr. O’Modulus That kind of mystery seemed to catch poeple’s imaginations.…

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Bankless created a DAO that grew its business 50:09

منذ عامين50:09

50:09

Origami's highly-edited transcript: Interviewer: Why did you suggest that Bankless launch a DAO? Lucas: I was the first employee at BanklessHQ, in June 2020. I took over the newsletter to help it scale, so founders Ryan Sean Adams and David Hoffman could focus on the podcast. We built a passionate community. Hundreds of thousands of people were passively consuming our content. I said, “Can we turn these passive people into active contributors?” Interviewer: What does BanklessDAO do to BanklessHQ’s mission? Lucas: It gives us scale. Interviewer: It also gives you a token, BANK. It’s given to DAO members in return for their contributions and it comes with governance power. What’s an idea the community came up with using that power? Lucas: BanklessDAO launched 4 or 5 media publications. Maybe 2 to 4 podcasts. It’s hard to keep track of everything. But they create lots more content. They also created novel products, like Bankless Academy, which offers lessons about crypto. It’s absolutely gorgeous. Another idea worth highlighting is Bankless Consulting. They have tons of clients, including BanklessHQ. Interviewer: How did you distribute ownership of the DAO? Lucas: We rewarded two groups: Premium subscribers. When someone subscribed, we gave them a POAP (Proof of Attendance Protocol). So there was a 2020 badge and a 2021 badge. We gave tokens to those badge holders Gitcoin Grant contributors . In the early days, BanklessHQ was completely funded by Gitcoin Grants. Anyone who contributed there was airdropped our tokens. Interviewer: What was BanklessHQ’s revenue before the DAO was created? Lucas: I’m not sure I could speak to it. We had 50,000 free subscribers, and maybe 5,000 paid subscribers. Interviewer: I think you charged $22 per month, so I calculate about $110,000 per month in revenue. Plus advertising. Where are the numbers now? Lucas: We saw a massive spike in free signups, paid signups, everything. Free signups jumped 5X. Paid grew 3X - 5X. Interviewer: Will BanklessDAO be more valuable than BanklessHQ? Lucas: That’s the goal. I think at some point the goal is for BanklessDAO to eat HQ. HQ should be a subsidiary of the DAO The full interview also has: Why BanklessDAO did well when other media DAOs didn’t. What happened to the community when BanklessDAO’s token, BANK, dropped in value. How BanklessHQ is thinking about its next move: software for web3.…

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SuperRare: NFT Powerhouse Becomes a DAO 33:35

منذ عامين33:35

33:35

SuperRare, the digital art platform, is one of the few mainstream success stories of web3. It’s known for selling premium NFTs, has well-known customers like Snoop Dog, scored partnerships with luxury brands like Gucci, and generated over $250 million in marketplace revenue. All that came from a curation model that exclusively allowed the company’s hand-picked artists to list their work on the platform. Now, as it transitions to a DAO, its community is taking on the role of curator and keeping ALL of the marketplace’s revenue. Why did it turn itself over to its community? That’s what I asked John Crain, SuperRare’s cofounder.…

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Cabin: A DAO building cities 48:36

منذ عامين48:36

48:36

We love ambitious creators at Origami . That’s why we invited Jonathan Hillis , the cofounder of Cabin to talk about how his community started with one cabin and is using a DAO to help it build cities around the world. We cover: Cabin’s vision for the cities it’s building. How a DAO helps them achieve their vision. How Cabin brought together its first members.…

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Daughter got sick. He created a DAO 39:40

منذ عامين39:40

39:40

What happened to your daughter that set you on this path? (Timestamp 2:02) What did you think was missing from the biotech industry? (3:17) Why did you set up a DAO? (3:17) How much money have you raised? (5:43) How does the DAO identify and help scientists? (6:30) The scientists working on the medications also get a share of the corporation you create, right? (10:00) Do scientists and patients also get governance tokens? (13:54) Individual corporations you set up could earn profits. Some of those profits would flow to the DAO. Would the DAO make the equivalent of dividend payments to its token holders? (15:59) Beyond voting on what to support, what’s the value of the token? (14:58) Many people I talk with are skeptical that communities can outperform a few smart, focused people. (21:32) How did you get your DAO’s first members? (25:45) What did you do to help the community work well together? (28:30) Can you think of other industries that your approach can help? (36:54)…

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A Marshall Islands LLC can protect your members 25:52

منذ عامين25:52

25:52

Adam Miller of MIDAO talks about why he's helping set DAOs up with Marshall Islands LLCs

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Boys Club Builds a DAO Slowly 47:03

منذ عامين47:03

47:03

Boys Club doesn’t have a DAO yet. That’s why I invited Parker Jay-Pachirat, one of its founding members, to do this interview. I wanted to hear how she’s building the community’s infrastructure to enable them to transition to a DAO. Boys Club is a community of women, non-binary individuals, and anyone excited to drive inclusivity and a new kind of culture in web3. Here are a few edited excerpts from this interview. Andrew: Why do you need a DAO? (Timestamp 2:51) Parker: I don’t believe that everything should be a DAO. A community should always come first. But we started making our way towards a DAO because our members were eager to get involved. They wanted to be more than just members of our community. They had ideas for ways to build our movement. A DAO will allow us to have mutual upside and shared incentives. Andrew: Boys Club has such a cool vibe. How can a community build that vibe better than a few tastemakers? (4:21) Parker: Our core contributors all started by being community members. They had great ideas. They now own those ideas and execute them. Andrew: For example? (5:34) Parker: Two community members with strong product backgrounds created a product guild, which incubates and accelerates projects other members are building in the space. Andrew: Tell me about Boys Club Consulting. (43:18) Parker: Two of our members, Hilary Brown and Riyanka Ganguly, got together and created a consulting company that helps brands unlock the power of Web3. Andrew: So this isn’t a big, chaotic chat group building things together. Your community picks projects and leaders it wants to support and those teams, or “guilds” as you call them, execute. Parker: You nailed it. Andrew: You went through the DAO accelerator, Seed Club. What did you learn from it? (9:23) Parker: Top of mind for me is that the slow approach is better than a fast one. Also, to experiment and iterate instead of taking a one-size-fits-all approach. From a token point of view, we learned it’s never too late to launch a token, but it’s usually too early. In my mind, a token should come after a community’s product-market fit. A token should be something that adds value to a community, not something the community is holding itself up on. Andrew: What did you change about your community after setting down the path of creating a DAO? (12:20) Parker: We added lots more structure and process. We started asking questions like, how do we onboard new guild members? What do we do about guild leaders? How do we define the structure? How do contributors make proposals? How are proposals voted on? Etc. Andrew: How do you think about turning members into leaders? (16:53) Parker: Probably one of my favorite questions to answer. It starts at the top of the funnel, by having a specific enough and nuanced enough vision and mission to attract intrinsically motivated participants. Then it’s about activating, giving them context and resources to make them feel comfortable and prepared to participate. We need to help them understand how Boys Club works. We need to help them get introduced to other members. One unique thing about our members is that they often come with a desire to be owners. They come with an idea of specific they’d like to experiment with or build or try for Boys Club. Ownership is the stickiest aspect of a community, but it’s hard to get to. It’s about gradually increasing responsibility and giving people with a fleshed out idea the resources and time and attention they need to experiment. Andrew: You’re practicing new governance and treasury techniques. You have your community members taking leadership roles. At what point do you become a DAO? (24:27) Parker: That’s a hard question. When I envision what Boys Club looks like as a DAO, I envision members who feel comfortable making proposals, and members who understand the makeup of our treasury allocation. I want our community to have the tools, context and muscle memory necessary to come up with ideas, propose them, and lead. There’s a quote about falling in love happening slowly and then all at once. That’s true in my experience. I think a DAO is similar. Once the community acts like a decentralized autonomous organization, everything else will follow. I also think that mistaking the birth or use of tokens for the DAO’s official inception is dangerous. We’ve seen the collapse of a lot of DAOs recently. Tokens often drove some of the things that are going wrong. For example, in a system that gives a vote for each token, someone with more tokens, but less experience in a community can drive more the decisions in it than someone who contributed more the to community. We don’t want to put immense power in the hands of a few based on financial privilege. Andrew: What tools do you use to run your almost-DAO? (35:42) Parker: Our tools are Discord, humans, Zoom, and Airtable. We are low code and I’m loving that. We’re also working in collaboration with Disco to issue verifiable credentials for our members. That opens a lot of doors for us, which I’m thrilled to share more about in the coming months. Andrew: What are you using for voting? (26:22) Parker: Emojis in a Discord group. Andrew: And how do you decide what proposals get to come up for emoji voting? (36:31) Parker: Pretty much any proposal. We have a proposal template that isn’t required but helps our members organize their thoughts and present them. Members write up a proposal in the proposal channel and put it up for feedback and review. Then we have a mandatory call, where it can be openly discussed to get people’s thoughts. The proposal’s author can use the feedback to revise the proposal. When the proposal’s author is ready they can put it up in the proposal voting channel. That always happens on a Friday because Ben & Johnny, Origami’s co-founders, recommend setting a consistent day for voting so members know when to check. We have a 7-day voting period, where members can vote Yes, No, or Abstain. To carry weight, the vote needs to have 60% of the members participating in it and the majority have to vote either Yes or No. At that point, the governance committee passes it. They act as a final step to protect our group against having someone infiltrate it and pass a vote that doesn’t align with our values. Andrew: Are you working with Origami? (39:11) Parker: No. They’re just homies. I learned a lot from co-founders Ben and Johnny. Andrew: More people should talk to them about DAOs, even if they don’t work with Origami. They set up an email to reach the cofounders. It’s Contact@joinOrigami.com Learn more about creating a DAO at joinOrigami.com…

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